Cashflow planning is used to give you clarity in two main areas; a) whether your income and date of retirement goals will be met and b) how long in retirement will your money last?
The retirement goal attainment is indicated by using a ‘simple’ spreadsheet to show how your ‘current course and speed’ asset values and investment contributions fare against your date of retirement and income need.
The ‘how long will my money last’ indication is more holistic and takes place as you near retirement. This cashflow planning, considers; Income. Growth, Inheritance, Capital Expenses, Health, Actuarial Date of Death, Downsizing or Equity Release and Client Retirement Aspirations for Annual Spend.
Income drawdown from the retirement fund needs to be well considered and monitored each year. If the Retirement Fund allows, then capital withdrawals may also be able to be taken.
Click here to download a Budget Checklist to help you with your Cashflow Planning
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The value of your investment can go down as well as up and you may get back less than you have invested.
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
NOTE: None of the above constitutes advice, always consult a professional adviser before making any investment decisions.
Please talk to Ted on 01892 234884 or 01635 777795 for further information.
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